Airline profits this year unlikely at December forecast level, says IATA chief
Updated : May 31, 2018 11:10 AM IST
Profits in the airline industry are unlikely to reach the record levels forecast in December due to a jump in fuel costs, the head of the world’s leading air transport group said on Thursday.
International Air Transport Association (IATA) Chief Executive Alexandre de Juniac said his organization will issue fresh forecasts next week, and that airline profits were still likely to be robust.
The December projections were based on oil at $60 per barrel, Juniac said.